Ontology Weekly Report (May 7th — May 13th, 2024)

Welcome to this week’s edition of the Ontology Weekly Report, where we delve into recent developments, product updates, and community engagements. Our commitment to expanding the blockchain landscape continues to yield exciting progress and opportunities for interaction.

Latest Developments

• AMA with Port3 Network: We engaged in an enlightening AMA session with Port3 Network, discussing future collaborations and insights into decentralized applications.

• KYC and DID Article: Visit the Ontology website to read our latest article on the integration of KYC and decentralized identity systems, exploring the synergies between compliance and privacy.

• Hosted by Karmaverse on Binance Live: Karmaverse hosted us on Binance Live, offering a platform to discuss Ontology’s role in the evolving blockchain ecosystem and our upcoming projects.

Development Progress

• Ontology EVM Trace Trading Function: Progress remains steady at 87%, as we continue to refine and enhance our trading functionalities within the EVM.
• ONT to ONTD Conversion Contract: Development has progressed to 52%, ensuring a smooth and efficient user experience.
• ONT Leverage Staking Design: We have reached 37% completion in our innovative staking design, aimed at providing more versatile staking options to our users.

Product Development

• Top dApps Announced: The latest list of top dApps on the Ontology network has been released, highlighting the most active and innovative applications currently available.

• ONTO V4.7.2 Release: We’re excited to announce that ONTO V4.7.2 is now live, featuring updates and improvements that enhance overall user experience.

On-Chain Activity

• Stable dApp Ecosystem: Our network continues to support a robust ecosystem with 177 total dApps on MainNet.
• Transaction Growth: This week, we observed an increase of 822 dApp-related transactions, bringing the total to 7,763,752. Total transactions on MainNet also grew by 6,041, reaching 19,428,565.

Community Growth

• Engagement and Discussions: Our community platforms on Twitter and Telegram are alive with discussions on the latest developments. We encourage you to join the conversation and contribute to the growing dialogue around blockchain technology.
• Telegram Discussion on Wearable Technology: This week, led by Ontology Loyal Members, we discussed “Securing Our Digital Selves: Decentralized Identity in the Age of Wearable Technology.” This conversation explored the intersection of blockchain, privacy, and the expanding landscape of wearable tech.